ROSNO Concludes Mortgage Insurance Contract for Over 4 mn Roubles
OREANDA-NEWS. June 30, 2010. ROSNO’s Ural Directorate has concluded a combined mortgage insurance contract, which includes property insurance and the borrower’s accident and sickness insurance. The aggregate contractual insurance amount is 4,245,626 roubles. The contract has been concluded for 23 years, reported the press-centre of ROSNO.
The three-room apartment purchased under the mortgage transaction is located in a residential building on Milchakova Street in the city of Perm.
Under the combined mortgage insurance contract, the accident and sickness insurance coverage provides indemnification against the following risks: death of the insurant due to an accident or natural reasons; permanent and complete loss of general working ability with assignment of the 1st or 2nd disability group to the insurant due to natural reasons. In case of an insured accident, ROSNO assumes obligation to repay the borrower’s debt to the bank.
The property risks insured under the contract include fire, flood, gas explosion; natural disaster; unlawful third party actions; falling aircraft or parts thereof, and collision with transport vehicles. The insured beneficiary is the bank.